Keep in mind that money is a means to an end. The way society works today, there is in practice only a very small difference in the lifestyle of the middle class and the very rich. The biggest difference is that rich people have the capability to not work for a living, or work only on what they want to. If you find you suddenly have it, don't squander this opportunity in favor of lots of expensive cars and first-class plane travel. Most regular people who by a stroke of luck suddenly get a lot of money, lose it after a couple of years. Diversification and safe withdrawals are the way to go if you want to do this.
CapitalistOppressor has the right idea
[Edit: Since I'm already giving advice like an old grandma, I'll give my two cents for those who call for an Options101 class: Those who made the most from options in Tesla, bought their options when the stock was in the 30s and had been swinging between 20-30 for its entire life.
Options are priced on future possibilities a lot more than the stock itself is. Volatility (large price changes in the recent past) cause options to become a
lot more expensive (think a factor of 10 or 100 to give you the right idea). You can only get cheap options if the market thinks the strike price is "impossible" to achieve. Tesla's options were ridiculously underpriced before the Q1 earnings report - so much so that an individual could conceivably drive a sufficiently small and unhedged market maker bankrupt by buying them. The days of a free lunch in Tesla options are past and if you go into option trading expecting to make a lot of money, you are taking on a
massive risk. This is fair enough, but only if you know that you are gambling. Options speculation is an all or nothing game (*or "lose 30% of your profits to fees" if you hedge enough). Where options
do have a place for a long-term Tesla investor, is as a hedge, or insurance. But like all insurance, you can expect it to be a losing bet].
